I will combine the latest market data and the impact of Fusaka upgrades to improve the post content, while accurately matching the visual elements you require for a clear presentation of the core information:
ETH has fallen below $3000! Fusaka's fee reduction struggles to prevent ETF fund outflows, and the battle for support at $2800 has begun.
On December 18, during the Asian market session, Ethereum was reported at $2885, having just experienced a sharp drop—due to BlackRock transferring $140 million in ETH, which triggered a $139 million outflow from its ETHA fund in a single day, causing the price to briefly fall below the psychological barrier of $3000. Currently, there is a struggle around the $2800 - $3000 range, which has become the core battleground for short-term bulls and bears.
The reduction benefits from the Fusaka upgrade have not been able to offset the pressure from capital outflows. After the upgrade went live on December 3, the use of PeerDAS technology reduced Layer 2 transaction fees by 60%, with single transaction costs dropping from $0.50 to $0.20 - $0.30. Additionally, L2 throughput increased to eight times that of a year ago, and node bandwidth demand decreased by 80%. This was supposed to inject vitality into the ecosystem, but since December, nearly $225 million has flowed out of Ethereum ETFs, with institutional caution overshadowing the technical positives.
On-chain and ecosystem signals show divergence. On one hand, the ETH reserves on exchanges have decreased by 6.03%, and the open contract volume has dropped to $37.81 billion, indicating signs of easing selling pressure; on the other hand, the EIL interoperability layer is advancing, attempting to integrate the fragmented L2 ecosystem into a 'supercomputer', which may improve user experience to attract capital back. Currently, $2800 is a critical support line, and if it drops below this, it may further probe the $2750 region.#BinanceABCs #ETH走势分析
